SPACs

Not financial advice.

Tons of HUBC/RNER stuff floating out there in blogs/etc. Trying to post something where we can get some momentum and clarity.

I’d call myself an above average SPAC/deSPAC trader. I know more than some, less than others.

My position is heavy at $4.75. Was in before merge with RNER, and averaged down with HUBC.

RNER recap

· SPAC, announced merger with HUB Cyber Sec (Israel, existing equity on their exchange)

· Months leading up, did some pumping to 11, then 13, then 16. In February, as the merger approached, it stayed sub 10. Close to merger date, went above 10. Then, the drama started.

· On February 27 it dumped to 5s. After hours, it pumped back a bit, then in PM on February 28 it hit nearly 8. Then, on trading day of February 28, it dumped it all back to 5. All on decent volume, but nothing crazy.

HUBC recap